Value and Indexed Property Income (LON:VIP) Share Price Passes Below 50-Day Moving Average – Here’s Why

Value and Indexed Property Income (LON:VIP)’s share price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 187.89 ($2.50) and traded as low as GBX 185.50 ($2.47). Value and Indexed Property Income shares last traded at GBX 194.40 ($2.58), with a volume of 11,094 shares.

Value and Indexed Property Income Stock Performance

The company has a debt-to-equity ratio of 67.96, a current ratio of 2.84 and a quick ratio of 22.47. The business has a 50 day moving average price of GBX 187.89 and a 200 day moving average price of GBX 186.85. The stock has a market capitalization of £83.29 million, a PE ratio of 19.83 and a beta of 0.98.

Value and Indexed Property Income Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, April 25th. Investors of record on Thursday, March 27th were given a dividend of GBX 3.40 ($0.05) per share. This represents a yield of 1.81%. The ex-dividend date was Thursday, March 27th. Value and Indexed Property Income’s dividend payout ratio (DPR) is 132.64%.

About Value and Indexed Property Income

Value and Income Trust plc is a closed-ended equity mutual fund launched by Value & Income Services Limited. The fund is co-managed by OLIM Ltd. and OLIM Property Limited. It invests in the public equity markets of the United Kingdom. The fund also invests in convertible securities. It seeks to invest in stocks of companies operating across diversified sectors.